Eritrea Venezuela

Updated 2026-05-04

Eritrea

Minimum Wage

Nfk600 /mo

$40 USD

Avg. Gross Salary

Nfk6,000 /mo

Venezuela

Minimum Wage

Bs.D0.68 /hr

$0.02 USD

Avg. Gross Salary

Bs.D500 /mo

Min wage: +214606% Eritrea vs Venezuela Avg. salary: +2820% Eritrea vs Venezuela

The minimum wage in Eritrea is roughly 2147 times higher than in Venezuela in USD terms, reflecting the gap between a low-income and a upper-middle-income economy. Average gross salaries diverge further: $400/mo in Eritrea versus $14/mo in Venezuela, a 29.2:1 ratio.

Eritrea's unemployment rate is 6.0% compared to Venezuela's 5.3%.

Detailed Comparison

Detailed wage comparison between Eritrea and Venezuela
Metric	Eritrea	Venezuela	Diff
Minimum wage /hr	—	Bs.D0.68 $0.02	—
Minimum wage /day	—	Bs.D5.42 $0.15	—
Minimum wage /mo	Nfk600 $40	Bs.D130 $3.56	+1023.1%
Avg. gross salary /mo	Nfk6,000 /mo $400	Bs.D500 /mo $13.70	+2820.0%
Avg. net salary /mo	Nfk5,400 /mo $360	N/A/mo	—

Percentage differences are based on USD equivalent values. Positive means Eritrea is higher.

Work Week

Eritrea: 44 hrs/wk standard

Labour Law sets 44 hours/week for civilian workers (8 hours/day, 5.5 days). However, the national service program operates under military regulations outside normal labour law. No reliable enforcement or monitoring data is available.
Venezuela: 40 hrs/wk standard

Max 44 hrs/wk

Overtime : 1.5x pay

Organic Labour Law (LOTTT) of 2012 sets the standard workweek at 40 hours (8 hours/day, 5 days). Certain sectors may work up to 44 hours/week. Overtime is limited to 100 hours/year and paid at a premium of at least 50%. Night work (7pm–5am) carries a 30% premium. Workers are entitled to 2 years advance notice before termination — the LOTTT provides extremely strong job security provisions. Saturday is often worked in practice in commerce/industry.

What This Means for Workers

A minimum wage worker moving from Venezuela to Eritrea would see a 214606% increase in USD-equivalent hourly earnings. Standard work weeks differ: Eritrea mandates 44 hours while Venezuela mandates 40 hours. A minimum wage worker's weekly earnings in Eritrea are $1,760 vs $1 in Venezuela.

See this comparison from Venezuela's perspective: Venezuela vs Eritrea

Compare Eritrea with...

Eritrea vs United States $ 7.25 /hr

Eritrea vs China ¥ 25 /hr

Eritrea vs Germany € 13.9 /hr

Eritrea vs United Kingdom £ 12.71 /hr

Eritrea vs India ₹ 4,576 /mo

Eritrea vs Japan ¥ 1,121 /hr

Eritrea vs France € 12.02 /hr

Eritrea vs South Korea ₩ 10,320 /hr

Eritrea vs Canada C$ 18.1 /hr

Eritrea vs Australia A$ 24.95 /hr

Eritrea vs Brazil R$ 7.37 /hr

Eritrea vs Russia ₽ 156.31 /hr

Eritrea vs Mexico MX$ 9,583.52 /mo

Eritrea vs Indonesia Rp 33,058 /hr

Eritrea vs Netherlands € 14.71 /hr

Eritrea vs Saudi Arabia ﷼ 23.08 /hr

Eritrea vs Turkey ₺ 164.94 /hr

Eritrea vs Taiwan NT$ 190 /hr

Eritrea vs Switzerland

Eritrea vs Poland zł 31.4 /hr

Eritrea vs Thailand ฿ 10,400 /mo

Eritrea vs Sweden

Eritrea vs Argentina ARS 1,762 /hr

Eritrea vs Singapore

Frequently Asked Questions

Is the minimum wage higher in Eritrea or Venezuela?

In Eritrea, the minimum wage is Nfk600/mo ($40 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Eritrea has the higher rate by 214606% in USD terms. That nominal gap does not account for local prices; see the purchasing power comparison below for a cost-of-living-adjusted view. Workers in Venezuela may retain a larger share of their earnings if prices there are lower.

How much more does the average worker earn in Eritrea compared to Venezuela?

The average gross salary in Eritrea is Nfk6,000/mo ($400 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Eritrea earn approximately 2820% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Eritrea and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Eritrea earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.

How do work hours compare between Eritrea and Venezuela?

Eritrea has a longer standard work week at 44 hours, compared to 40 hours in Venezuela. Workers in Eritrea work 44 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in Venezuela working fewer hours may have comparable or better effective hourly earnings depending on the wage levels of each country. Total annual compensation depends on both the wage rate and the number of hours required.